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19 On February 1,2022, Cue Company acquired 1,800 shares of its $1 par value...

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Accounting

19
On February 1,2022, Cue Company acquired 1,800 shares of its $1 par value stock for $55 per share and held these shares in treasury. On April 10
2023, Cue resold all the treasury shares for $58 per share. Which of the following entries would be recorded when Cue Company resells the shares of
treasury stock?
801:01:15
Multiple Choice
\table[[Account Title,Debit,Credit],[Cash,104,400,],[Treasury stock,,99,000],[Retained earnings,,5,400]]
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